Renege on PE Offer
Has anyone here reneged on a PE offer before? In a tough situation with another more attractive offer and not sure how repercussions will look. Did anything happen?
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I’m only a 2nd year in IB with a PE offer for this summer but this sounds like a bad idea. Unless the first offer is from a no name firm in a small city, and even then, the odds are people from the two firms know each other. PE is a tiny industry from my limited experience. What are the fund size differences?
Agree with above, would not do this unless it's major differences (LMM PE in T3 city -> UMM/MF in NYC)
Reneging is one thing in college when you kind of get a pass for doing stupid things, it's not really okay to renege in a very small industry when you have experience and should know better. There was no reason to keep recruiting once you had the first offer...
advisable if reneging on a MM tech-exclusive fund on the West Coast for an East Coast MF? what's the likelihood of repercussion given the (geographic, commercial) distance? both are for a Summer 2024 start. how far in advance would it be optimal to renege?
I personally think if you really want it and feel it’s right you should do it… Both will give very different experiences, but be sure it’s what you really want because you will never have the opportunity to go back to the other firm.
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